Chelsea set to announce £20m profits and £320m revenue

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Chelsea are set to announce that they made a profit of £20 million over the last year when they announce their annual financial results. They will also report record revenue for the year of £320 million.

It's only the second time in 10 years since Roman Abramovich bought the club that the Blues have been in the black. Indeed, they've suffered around £600 million worth of losses in that time. The news means they are well positioned to carry on spending in the transfer market to help establish themselves as European powerhouses.


The turnaround is said to be largely down to the sale of high-profile players such as Juan Mata, who joined Manchester United for around £37 million, and David Luiz who signed on the dotted line for Paris Saint-Germain in a deal believed to have been worth around £50 million.

However Chelsea have made a concerted effort to cut their losses in light of UEFA's Financial Fair Play directive, and will report dramatically increased commercial revenue as well. Their revenue total makes them one of the biggest clubs in Europe and puts them well ahead of Manchester City who recorded revenue figures of £271 million for 2013/14, with a loss of just over £51 million.

They still lag some way behind the likes of Manchester United however. The Red Devils announced in September that they generated £420 million in revenue for the last year. 

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Things are going right for Chelsea on the pitch as well as off of it, with Jose Mourinho's men currently top of the Premier League. They remain unbeaten after eleven fixtures, with their latest victory coming thanks to a 2-1 win over Liverpool.

Their next challenge will come after the international break has concluded against West Brom, and they'll likely have two key stars fresh for that game. Both Diego Costa and Cesc Fabregas have pulled out of Spain's squad for their two fixtures against Belarus and Germany, but are expected to be fit in time for the game at Stamford Bridge.


The news was not well received by Spain defender Sergio Ramos, who has accused the pair of lacking commitment.

"It is difficult because this is not a club team, but the national team where you do not come here every day," Ramos said. Laying out rules is difficult. Often with injuries there can be a world of difference between what we have and what is said in public.

"Above all I would have liked the players to show the same commitment to the national team as they do to their club. You must communicate this commitment and spirit to all the new players. Whether you club pays, or the national team."

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